PUBLISHER: KBV Research | PRODUCT CODE: 1544254
PUBLISHER: KBV Research | PRODUCT CODE: 1544254
The Latin America, Middle East and Africa Automotive Active Safety System Market would witness market growth of 18.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Active Safety System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $863.8 million by 2031. The Argentina market is showcasing a CAGR of 19.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 17.6% during (2024 - 2031).
Automotive active safety systems are integral to modern vehicles, designed to enhance safety and prevent accidents by actively assisting drivers and improving vehicle performance. These systems leverage advanced technologies such as sensors, cameras, and algorithms to monitor and respond to the driving environment in real-time.
Additionally, automatic Emergency Braking (AEB) systems are intended to autonomously apply the brakes in a potential collision to prevent or mitigate accidents. These systems use radar, LiDAR, and cameras to assess the distance between the vehicle and obstacles ahead, activating braking intervention if a collision is imminent.
The UAE has implemented stricter regulations and standards for vehicle safety, mandating the inclusion of advanced active safety systems in new vehicles. These regulations drive demand for technologies such as lane departure warning, automatic emergency braking, and adaptive cruise control. As per the Government of UAE, the Traffic and Patrols Directorate in Abu Dhabi introduced a road safety management plan to reduce traffic accident fatalities to 3 percent per 100,000 residents by 2021. This road safety initiative includes a comprehensive framework for accident prevention, incorporating four key elements: enforcement, education, engineering, and emergency medical services.
Based on Propulsion Type, the market is segmented into ICE and Electric. Based on Sensor Type, the market is segmented into Radar Sensor, Camera Sensor, and Lidar Sensor. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Buses & Coaches. Based on Type, the market is segmented into Adaptive Cruise Control, Tire-pressure Monitoring System, Lane Departure Warning, Night Vision System, Antilock Braking System, Blind Spot Detection, Driver Monitoring, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Automotive Active Safety System Market Report Segmentation
By Propulsion Type
By Sensor Type
By Vehicle Type
By Type
By Country